Is merit circle now beam?

Could you please clarify for me if Merit Circle has transformed into Beam? I've heard rumors about a potential transition or merger, but I'm not quite sure what the current status is. Are they still operating as separate entities, or has Merit Circle officially become Beam? I'd appreciate it if you could provide some clarity on this matter, as it's crucial for me to understand the current landscape in the cryptocurrency and finance world. Thank you in advance for your assistance.